FRANKFURT (dpa-AFX) - Allianz shares surpassed their August peak on Tuesday. With a surge that at times reached nearly four percent and briefly pushed the stock above the EUR381 mark, the shares edged closer to their high from the year 2000, which had stood at nearly EUR400. This momentum was driven by an upgrade to "Outperform" from analysts at Keefe Bruyette & Woods (KBW).
KBW analyst William Hawkins, who set a price target of EUR420, expects the quarter-century-old record to be broken in the foreseeable future. With this projection, he joins the ranks of the most optimistic analysts. Other institutions with price targets above EUR400 include DZ Bank, Kepler Cheuvreux, Berenberg, and Baader Bank's partner Alphavalue.
